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Property profile & analytics
OFF-MARKET
Hotels
2250 Pelican Dr Norcross, GA 30071-4617
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1008985
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD
Total area
44,553 SF
Lot
4.1 ac (178,596 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-223 -077
UPID
US22-1008985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Norcross Extended Stay Hotel & Motel Vacation Rental
-
FNU Ram Rattan Apartment Building
-
Caribbean Sound Machine Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5th Street Pelican LLC
5th Street Pelican LLC
since 2025
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$121,760
Tax year 2023
Assessed value
$4,008,520
Assessed 2023
Previous assessed
$4,008,520
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$246,000
Assessed improvement
$3,762,520
Land market value
$615,000
Improvement market value
$9,406,300
Total market value
$10,021,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
44,553 SF
Lot
4.1 ac (178,596 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-223 -077
UPID
US22-1008985
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
5th Street Pelican LLC
Entity
Mailing address
5675 JIMMY CARTER BLVD STE #500, NORCROSS, GA 30071-2938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
$12,800,000
5th Street Pelican LLC
Aggarwal & Associates Ltd Partnersh
Warranty Deed
$9,500,000 · Tred 4
Oct 14, 2025
—
5th Street Pelican LLC
Aggarwal & Associates Ltd Partnersh
Quitclaim Deed
related
—
Oct 7, 2021
—
Aggarwal And Associates Limite
—
Deed
related
$3,500,000 · Quantum National Bank
Jun 16, 2014
$159,800
Allison,justin
Rocklyn Homes INC
Grant Deed
$156,835 · Bank South Mtg
Dec 29, 2005
$3,300,000
Aggarwal LP
Morgan Stanley Cap I INC
Grant Deed
—
Dec 29, 2005
—
Aggarwal LP
Morgan Stanley Cap I INC
Quit Claim Deed
related
$2,700,000 · Colonial Bank
—
—
Aggarwal & Associates LP
—
Deed Of Trust
related
$3,136,000 · Bank Of Atlanta
—
—
Aggarwal & Associates
—
Deed Of Trust
related
$3,300,000 · Bank Of Atlanta
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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